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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Controversial landlord couple must reveal finances to court

One of Britain's highest profile landlords is to be sentenced on December 11 - and she must show the court details of the bank accounts and assets...

£60,000 rent to be repaid by property firm after council steps in

A London property firm must repay no less than £60,000 in rent after a council obtained a Rent Repayment Order against it.  Finchley Properties Ltd must hand...

Tenants want to stay in rented homes when landlords sell to another investor

A growing number of tenants say they want to stay put in their rented home even if the landlord sells up. A survey of 600 tenants conducted...

Buy to let remains solid despite tax challenges, says lender

The head of a buy to let specialist mortgage broker insists the sector remains a solid investment despite the slew of recent regulation and fiscal challenges.  Andrew...

Proceeds of Crime Act used against rogue buy to let investor

Luton landlord Mervyn Kupshik has been ordered to pay nearly £30,000 to the Local council - and if he doesn’t do it in three months he...

Shelter on the warpath again over default fees

Shelter is campaigning for the outlawing if default fees levied on tenants by agents in Wales. While the campaigning group welcomes the Renting Homes (Fees etc) (Wales) Bill currently...

Crooked letting agent admits taking over £220,000 from clients

A former lettings agent in Plymouth has finally admitted taking hundreds of thousands of pounds from tenants and landlords - the total is thought to be...

Buoyant - the description of the lettings market from Agency Express

The latest data from Agency Express shows what the company calls “buoyant figures” for the UK lettings market in October.  Following a three month slump, national month...

Chaos as thousands of licensing applications rejected by council

Local press reports say that one of the country’s most controversial buy to let licensing schemes has seen thousands of applications rejected for bureaucratic reasons.  The scheme...

Lettings agency links with bank to fund move into Build To Rent

A Manchester lettings agency has teamed up with a bank to fund entry into the Build To Rent management sector.  Two new directors from Gatehouse Bank will...

Big slump in take-up of prime central London lets, admits agency

The take up of new rental tenancies across prime central London decreased by no less than 12.7 per cent in the third quarter of this year...

Management firm launches ‘home sharing’ platform for tenants

A rental management firm has launched a new home-sharing platform which it says is aimed at everyone wanting a place to stay whether it’s for a...

Controversial lettings review website wins backing from students

A controversial review website which says it can be used to identify “good (and bad) letting agents” has won the backing of a university’s student body.  Marks...

Average rents up 2% nationwide - and London is soaring

The average rent in the UK is now £928 per calendar month, up by 2.1 per cent on the same time last year, according to HomeLet. When...

Regional agency bags three year deal to let homes built by developer

Darlington lettings agency My Property Box has signed a new deal to let properties in the area on behalf of developer Bussey & Armstrong. My Property Box...

Revealed - cities with best mainstream and student rental markets

Manchester’s rental market is rising higher than in any other UK city according to property consultancy Cushman & Wakefield.  Rents were up by 10 per cent in...

Reform possession process as part of Housing Court idea - call

A call has been made for the government to review the section 8 possession process as part of its call for evidence and consultation on the...

Agency trials Artificial Intelligence bot to act on tenants’ repair problems

The JLL lettings agency has launched a ‘virtual property manager’ for a small number of Build To Rent tenants, claiming it is the first of its...

Evictions of vulnerable tenants should be made tougher, insists group

The private rental sector is not fit for purpose when it comes to housing vulnerable tenants, claims debt charity StepChange which has called for a government...

Brits rent five times longer than expected - but still want to buy

A new study has revealed that the average Briton rents four years longer than they initially planned to, because of stubbornly-high house prices. However, for those who can...

£2m cash boost for firm calling itself “a premium online lettings agency”

The online agency Home Made, which says it’s London’s only premium online platform for the rental sector, has raised a further £2 million in funding.  The digital...

Government creates housing court and wins support from trade body

The government is consulting on the proposal for a specialist Housing Court which, if it goes ahead, would be a “single path of redress for both...

Warning - buy to let mortgages likely to become more expensive

The chief executive of a specialist buy to let mortgage broker is warning that mortgages for landlords are likely to become more expensive in the near...

Supply plummets in prime central London as landlords ‘forced’ to sell up

The number of lettings listings in prime central London fell 18 per cent in the year to September, says Knight Frank. The agency has used Rightmove data...

Rents have fallen in real terms over the last 10 years says Countrywide

So-called ‘real rents’ - those adjusted for inflation - have fallen by 2.2 per cent since October 2008.   This means that the average cost of living has...

Agency diversifies into letting car parking spaces in city centre

A lettings agency in Oxford has diversified into marketing car parking spaces as well as apartments and houses. Scottfraser Summertown has told the Oxford Mail newspaper that...

Another one down - Leaders Romans buys eighth independent of 2018

The Leaders Romans Group has revealed its acquisition of yet another independent agency - Property Concept. Based in Clifton, Bristol, Property Concept is a single branch residential letting...

Three-office firm snaps up retirees’ independent agency

Somerset agency Mark Templer Residential has acquired independent company Wrington Vale Lettings. Husband and wife team John and Vanessa Webb with business partner Karen Morgan founded Wrington...

‘More must be done to stop the rogues’ government told

A lettings trade body has welcomed extra government funding for English councils to clamp down on criminal landlords. But the Residential Landlords Association has said the extra...

Mystery: What does new ‘global immigration system’ mean for agents

The government has unveiled the spectre of a ‘global immigration system’ to be introduced from the end of 2020 - but with no details as to...

Tenants spend a third of pay on rent - but affordability is improving

A survey by specialist lender Landbay reveals that tenants outside of London typically spend 33 per cent of their monthly pay, before tax, on rent -...

Shelter links with deposits scheme charity to create ‘toolkit’ for renters

An online toolkit for tenants on how to best navigate the rental system has been launched by Shelter Scotland with funding from the sister charity of a...

New funding for government crackdown on buy to let rogue operators

Local authorities across the UK are to get another £2m to crack down on rogue operators in the buy to let sector.  The new funding was announced...

Buy to let sector should pay even MORE for energy efficiency, says trade group

It should perhaps come as no surprise that this week’s tightening up of the energy efficiency regulations for the private rental sector has been backed by...

Why do more people rent? Because stock is better than before...

One of the country’s leading buy to let experts has given her reasoning behind the surge in the number of people who rent. Part of it is...

Rents up and tenants competing for properties in London

The LonRes data consultancy says the lettings market in prime areas of the capital is now characterised by increasing rents and competition amongst tenants for properties. LonRes...

Tenant-power on the rise as landlords reveal willingness to cut rent

The power held by tenants is growing across the UK, as new research indicates 61 per cent of buy to let investors are willing to postpone...

Council’s first-ever Civil Penalty Notice over lettings property condition

A council in the north of England has issued its first-ever Civil Penalty Notice on a landlord - and it involved a £20,000 fine. The landlord, from...

Beefed-up energy efficiency rules will hurt rural lettings - claim

The countryside lettings sector will be badly hit by new energy efficiency rules being introduced by the government next year. That’s the view of the rural pressure...

Lettings league table claims London rents up 17% in six years

Figures drawn up for the London region of the GMB union claim that across the capital’s 33 boroughs private rents have risen an average 21.7 per...

Rising demand from family renters boosts market north of the border

The Scottish private lettings sector is on the march again with the latest index suggesting a 2.2 per cent annual rise, taking the typical rent to...

Lettings agency sued for £1.4m after harassment of tenant

A former City marketing executive is suing a lettings agency for £1.4m in a row over alleged harassment in 2010. Agent Caroline Arundell - who died in...

Yet more buy to let expense as EPC rules tightened by government

Buy to let investors in England and Wales who own particularly cold homes are being targeted by new regulations. Since April this year, landlords who own some...

Labour MP demands government clarity on moves against landlords

The Labour MP who chairs the Housing, Communities and Local Government Committee in the House of Commons is pressing the government to explain what it is...

Domestic abuse awareness highlighted for property managers

The industry’s first property management franchise scheme, SDL Property Partners, has been given a presentation on how members could be key at identifying and stopping domestic...

Agents' Fees Ban: tenants in poorest areas will have to pay more

An analysis of 30,000 tenancies by PropTech firm Goodlord suggests that the upcoming ban on tenants’ fees could impact most on the poorest areas of the...

£20m property investment Ponzi scheme shut down by High Court

A property investment company operating a Ponzi scheme based on claims of capital appreciation and rental income has been shut down by the High Court. It is...

Expelled! Two agencies kicked out of TPO for failing to pay awards

Two lettings agencies have been expelled from The Property Ombudsman scheme for failing to pay awards. One is OJ Residentials Limited trading as Oscar Jones Residential (OJR),...

Trade body threatens council with Judicial Review over licensing plan

The Residential Landlords Association is threatening a council with a judicial review because of unresolved concerns over the authority’s selective licensing plans. Great Yarmouth council is proposing...

Lettings supply to plummet and rents set to rise over next five years

Some broadly good news to end the week - rents are predicted to grow 13.7 per cent in the next five years according to a forecast...

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